REX American Resources Co. (NYSE:REX) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of REX American Resources Co. (NYSE:REX) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 365,780 shares of the energy company’s stock after buying an additional 7,080 shares during the period. Geode Capital Management LLC owned approximately 2.08% of REX American Resources worth $16,935,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FMR LLC boosted its holdings in REX American Resources by 34.8% in the 3rd quarter. FMR LLC now owns 2,345 shares of the energy company’s stock valued at $109,000 after purchasing an additional 605 shares in the last quarter. CWM LLC grew its holdings in shares of REX American Resources by 167.2% in the 3rd quarter. CWM LLC now owns 3,222 shares of the energy company’s stock worth $149,000 after acquiring an additional 2,016 shares during the period. Intech Investment Management LLC purchased a new position in REX American Resources in the 3rd quarter valued at approximately $213,000. Wealth Enhancement Advisory Services LLC acquired a new position in REX American Resources during the third quarter worth $228,000. Finally, HighTower Advisors LLC acquired a new position in shares of REX American Resources during the 3rd quarter worth $246,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial cut their price objective on REX American Resources from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, December 9th.

REX American Resources Stock Performance

Shares of REX opened at $41.57 on Monday. REX American Resources Co. has a 1 year low of $39.02 and a 1 year high of $60.78. The company has a market capitalization of $730.26 million, a price-to-earnings ratio of 10.88 and a beta of 0.90. The company’s 50 day simple moving average is $43.79 and its 200 day simple moving average is $44.91.

REX American Resources (NYSE:REX) last issued its earnings results on Tuesday, December 3rd. The energy company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.66. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same period in the previous year, the company earned $1.49 EPS. Equities analysts expect that REX American Resources Co. will post 3.03 EPS for the current fiscal year.

REX American Resources Company Profile

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.